The Rising Influence of Rising Affluence

[DewDiligence]

DE FY3Q20 results—raises FY2020 guidance substantially:

PR:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q3/3Q_2020_News-Release-and-Financials.pdf

CC slides:
https://s22.q4cdn.com/253594569/files/doc_financials/2020/q3/3Q_2020_Earnings-Call-Presentation.pdf

DE raised FY2020 GAAP EPS guidance to $7.12* from the prior guidance range of $5.06-6.33 given three months ago, when the fallout from COVID-19 was hard to quantify. (The new FY2020 guidance is still less than the original FY2020 guidance of $9.18 given in Nov 2019 and the $10.13 achieved in FY2019.)

As I’m typing, the stock is +5% to an all-time high.

*Based on 316M diluted shares.